With more than 90 votes from Democrats, the House has passed the recently announced deal to hike the debt ceiling. From The Associated Press:
With barely a day to act, the polarized US House of Representatives have approved a massive austerity plan to avert a debt default that would have wreaked havoc through the global economy.
After eight months of often angry negotiations, the Republican-led House voted 269-161 on a package backed by President Barack Obama to raise the limit on US borrowing and enact at least $2.1 trillion in spending cuts over the next decade.
The Democratic-led Senate was expected to approve the emergency measure in a noon (1600 GMT) vote Tuesday — scarcely 12 hours before a midnight deadline by which the world’s richest nation would run out of cash to pay its bills.
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